Heartland Express, Inc. Declares Regular Quarterly Dividend

Rhea-AI Summary

The Board of Directors of Heartland Express has declared a quarterly cash dividend of $0.02 per share, to be paid on July 7, 2022. This payment will go to shareholders of record as of June 27, 2022, with an estimated total outlay of $1.6 million for its 79 million shares. This marks the company's 76th consecutive quarterly dividend, bringing the total cash dividends paid since the program's inception in 2003 to $539.4 million.

Positive

• Quarterly cash dividend of $0.02 per share reflecting ongoing shareholder returns.
• Total cash dividends paid reaches $539.4 million since 2003, showing a strong commitment to returning value to shareholders.
• 76 consecutive quarterly dividends demonstrating financial stability and consistent performance.

Negative

• None.

NORTH LIBERTY, Iowa, June 17, 2022 (GLOBE NEWSWIRE) -- The Board of Directors of Heartland Express, Inc. (Nasdaq: HTLD) announced today the declaration of a regular quarterly cash dividend. The $0.02 per share dividend will be paid on July 7, 2022 to shareholders of record at the close of business on June 27, 2022. We currently estimate that a total of approximately $1.6 million will be paid on the Company's 79.0 million shares of common stock. This is the Company's seventy-sixth consecutive quarterly cash dividend. With the payment of this dividend, the Company will have paid a total of $539.4 million in cash dividends, including four special dividends since the dividend program was implemented in the third quarter of 2003.

The press release may contain forward-looking statements, which are based on information currently available. These statements and assumptions involve certain risks and uncertainties. Actual events may differ from these expectations as specified from time to time in filings with the Securities and Exchange Commission. The Company assumes no obligation to update any forward-looking statement to the extent it becomes aware that it will not be achieved for any reason.

For further information contact
Michael J. Gerdin, CEO
Christopher A. Strain, CFO
Heartland Express, Inc.
319-645-7060

FAQ

What is the dividend amount declared by Heartland Express?

Heartland Express declared a dividend of $0.02 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on July 7, 2022.

What is the record date for the dividend payment?

The record date for the dividend payment is June 27, 2022.

How much total cash has Heartland Express paid in dividends?

Heartland Express has paid a total of $539.4 million in cash dividends since the program started.

How many consecutive quarterly dividends has Heartland Express paid?

Heartland Express has paid 76 consecutive quarterly dividends.